Imtex Membranes Receives Grant to Refine Petrochemical Process in Sarnia, Ontario
Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development said Imtex Membranes is an innovative Mississauga-based clean tech company whose made-in-Ontario technology is set to deliver significant energy and emissions reductions in petrochemical operations, notably vehicle tire production. The company created an advanced membrane separation technology that speeds of the separation process of olefin and paraffin.
The company’s environmentally friendly and cost-effective technology requires less energy and produces less waste than traditional methods used by petrochemical producers and oil refiners. Imtex’s products could lower the operating costs of its customers by up to 50 percent.
“Canada has the opportunity to be a true global leader in clean technology, creating good middle-class jobs for Canadians while tackling climate change. Imtex’s unique membrane technology uses less lower operating costs for companies. Today’s investment will help unlock the economic potential of clean tech in the Mississauga region and in Southern Ontario,” Minister Navdeep Bains said.
“Clean technology is an economic engine for Canada. This industry provides good well-paying jobs to more than 180,000 Canadians while also helping meet our climate change goals. I am delighted that Imtex, a company right here in Mississauga, will develop a new clean technology that will make a positive difference for all Canadians thanks to this investment in Southwestern Ontario” said Iqra Khalid, Member of Parliament for Mississauga–Erin Mills.
“SDTC supports Canadian companies who, like Imtex, have the potential to become world leaders in developing new environmental technologies. Widespread industry adoption of this innovation would lead to emissions savings equivalent to taking 10 million cars off the road,” Leah Lawrence, President & CEO, Sustainable Development Technology Canada said.
“The SDTC funding enables Imtex to demonstrate and showcase the PermyleneTM membrane technology at the scale expected by the oil and gas and petrochemical industries. Building our company in Ontario increases the Canadian petrochemical industry’s cost competitiveness by improving energy efficiency, increasing product value and lowering greenhouse gas emissions,” said. Karlis Vasarais, President, Imtex Membranes.
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